Page 37 - P6 Slide Taxation - Lecture Day 6 - Dividend Tax
P. 37
Solution
Louis Oosthuizen
= resident
= connected person Deemed
≠ company dividend
loan was granted by virtue of the shares held
Amount of dividend
The amount of the dividend is R30 000
(R1 000 000 (outstanding balance of the loan) × 6% (official
rate of interest) – 0% (actual interest) × 6/12 (the period that
Louis owed the amount during DFH’s 2013 year of
assessment)